U.S. Treasury removes Ethiopia sanctions designations after emergency expires

  • U.S. Treasury removed Ethiopia-related designations from its SDN List.
  • Executive Order 14046 established the emergency on Sept. 17, 2021.
  • OFAC amended a Russia-related license involving possible Lukoil asset-sale activities.

The U.S. Treasury Department removed Ethiopia-related sanctions designations from its Specially Designated Nationals and Blocked Persons (SDN) List after a national emergency over Ethiopia’s humanitarian and human rights crisis expired. OFAC (U.S. sanctions authority) said the emergency, declared under Executive Order 14046 on Sept. 17, 2021, had ended. The agency removed individuals and entities designated under that order whose property had been blocked. Separately, OFAC amended a Russia-related license to permit certain talks, agreements and related activities concerning the possible sale of oil company Lukoil’s international assets, held through Lukoil International GmbH.

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